---
kind: "section"
citation: "7 C.F.R. § 1962.1"
title: "7"
number: "1962.1"
heading: "Purpose."
url: "https://uscodex.org/cfr/7/1962.1"
---

# §1962.1. Purpose.


This subpart delegates authorities and gives procedures for servicing, care, and liquidation of Rural Development chattel security, Economic Opportunity (EO) loan property, and note only loans. Security servicing for Nonprogram (NP) loans on farm property will be according to [subpart J of part 1951](/cfr/7/part1951-subpartJ.md) of this chapter. This subpart is inapplicable to Farm Service Agency, Farm Loan Programs.


## Notes

### Amendments

[50 FR 45783, Nov. 1, 1985, as amended at 58 FR 52654, Oct. 12, 1993; 72 FR 64123, Nov. 15, 2007]

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.

### Source

Source: 50 FR 45783, Nov. 1, 1985, unless otherwise noted.

### Amendments

[50 FR 45783, Nov. 1, 1985, as amended at 58 FR 52654, Oct. 12, 1993; 72 FR 64123, Nov. 15, 2007]